Since Trump signed the $2.2 trillion “CARES Act” into law, millions of Americans – especially the roughly 1 in 10 who have lost their jobs during the fallout of the coronavirus outbreak – have been eagerly awaiting the arrival of their stimulus payments. While the first round of checks was direct-deposited into Americans’ bank accounts over the weekend, the rest of the money will be sent out – either digitally or via paper check – in the coming weeks.
If you’re curious about the status of your payment – or whether you’re slated to receive one – the IRS has created a web portal allowing Americans to ‘check on their check’.
Just go to the ‘Get My Payment’ page of the IRS’s website. You can find the link here.
https://www.irs.gov/coronavirus/get-my-payment
For anybody who’s still confused about eligibility, the “Economic Impact Payments” – which will act as one-time payments to tide people over until unemployment and other benefits kick in – could be as much as $1,200 for an individual and $2,400 for a couple. People with children are eligible for an additional $500 per child under the age of 17. The payments aren’t subject to taxes and won’t impact peoples’ tax returns for 2020.
David Adams
Article URL : https://www.zerohedge.com/political/heres-how-monitor-status-your-federal-stimulus-check?